Jim Rogers explains, “Gold will move into a bubble eventually. All long-term bull markets in every asset wind up in a bubble.” Although he predicts a coming bubble, it could be years away. “I fully expect a bubble. Not for a few years but all bubbles look the same. And I hope I’ll be smart enough to recognize the bubble when it comes,” he says.
According to John Williams, economist and editor of Shadowstats.com, for gold to reach its previous real inflation adjusted high, it would have to climb to about $7,000...............................................Full Article: Source